Buy To Let

Since January 2017 Buy to Let Mortgage Lenders (that are regulated by the PRA) have implemented restrictions on lending criteria.These changes include stricter affordability tests including Interest Cover Ratio including the impact of recent Tax Changes and a stress test on interest rate rises.

The changes have made it hard for clients looking to re-mortgage their current Buy to Let mortgages.Instead of a full re-mortgage the client could look to do a Second Charge Mortgage, there by leaving their current rate intact.